30 september 2024 : Market investor Mark Mobius predicted that the Sensex could reach the one lakh mark by the end of this year. In an interview with CNBC-TV18, he mentioned that if SEBI, India’s capital market regulator, introduces regulations to limit derivatives trading, it could have a significant impact on the market.
Mobius explained that the momentum in Indian stocks is likely to push the Sensex past 100,000, possibly by year-end. He added that while curbing derivatives activity would influence the market, it would not stop the ongoing bull run in Indian stocks.
He also highlighted a “new bull market” emerging in China, as President Xi Jinping expressed support for small businesses. Mobius sees this shift as a positive sign for India and other Asian economies. He further expressed interest in India’s semiconductor sector, noting the entry of global players as an area to watch closely.
Regarding risks in the Indian stock market, Mobius acknowledged potential corrections of 5-15%, advising investors to be prepared to buy during dips. He recommended holding gold, possibly 10% of a portfolio, citing strong Indian demand as a factor in rising gold prices. He also urged caution with India’s IPO surge, advising investors to be certain about the business before investing.
